Tesla's CEO Elon Musk reported a staggering 71% drop in net income and a 20% revenue decline in car sales, signaling a substantial quarterly downturn. Although electric vehicle sales grew overall, many Tesla customers seemed to delay buying decisions amid a company refresh. Musk attributed these challenges to broader economic factors and dismissed criticisms linked to his political engagements as external influences. He insists the core demand for Tesla vehicles remains intact, despite brand reputation issues arising among liberal customers, influenced by Musk's controversial political positioning.
Musk expressed confidence in Tesla's vehicle demand, linking sales issues to macroeconomic factors and consumers delaying purchases for new models.
Despite the plunge in quarterly earnings, Musk asserted that protests against Tesla were influenced by external forces and not reflective of the brand's core support.
Collection
[
|
...
]